Shandong Sunpaper Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	-	3,235	2,496	2,387	3,468
Short-Term Investments	-	9.5	7.62	-	-
Trading Asset Securities	-	-	-	4.26	-
Cash & Short-Term Investments	2,107	3,244	2,503	2,391	3,468
Cash Growth	-35.04%	29.60%	4.69%	-31.05%	16.70%
Accounts Receivable	-	3,952	4,511	3,856	2,922
Other Receivables	-	46.5	54.89	56.19	149.59
Receivables	-	3,999	4,566	3,912	3,072
Inventory	-	4,752	4,574	5,339	3,506
Prepaid Expenses	-	0.01	-	0	2.92
Other Current Assets	-	766.89	1,224	946.01	1,202
Total Current Assets	-	12,762	12,868	12,588	11,251
Property, Plant & Equipment	-	36,597	34,567	32,177	28,217
Long-Term Investments	-	437.25	412.54	385.53	386.6
Goodwill	-	19.31	19.31	39.41	39.41
Other Intangible Assets	-	2,068	1,883	1,767	1,274
Long-Term Deferred Tax Assets	-	305.44	332.89	290.63	235.02
Long-Term Deferred Charges	-	63.18	56.59	100.27	118.92
Other Long-Term Assets	-	375.04	411.25	674.47	1,184
Total Assets	-	52,626	50,551	48,022	42,706
Accounts Payable	-	4,853	4,815	5,032	5,105
Accrued Expenses	-	883.43	813.76	793.14	757.23
Short-Term Debt	-	6,417	8,079	8,169	7,698
Current Portion of Long-Term Debt	-	3,227	1,724	1,708	2,525
Current Portion of Leases	-	342.25	408.13	589.63	547.59
Current Income Taxes Payable	-	263.8	205.13	140.92	188.9
Current Unearned Revenue	-	791.37	580.97	527.7	371.63
Other Current Liabilities	-	208	253.51	487.64	677.82
Total Current Liabilities	-	16,986	16,879	17,448	17,871
Long-Term Debt	-	6,426	6,702	6,640	5,391
Long-Term Leases	-	148.2	483.97	427.74	506.47
Long-Term Unearned Revenue	-	329.42	319	321.13	146.47
Long-Term Deferred Tax Liabilities	-	9.69	10.01	9.63	4.2
Other Long-Term Liabilities	-	-	1.03	1.03	-
Total Liabilities	-	23,899	24,395	24,847	23,920
Common Stock	-	2,795	2,795	2,795	2,687
Additional Paid-In Capital	-	3,643	3,632	3,574	2,426
Retained Earnings	-	21,389	19,126	16,599	14,327
Treasury Stock	-	-	-98.45	-303.7	-520.05
Comprehensive Income & Other	-	787.26	597.03	420.33	-214.85
Total Common Equity	30,154	28,614	26,051	23,085	18,706
Minority Interest	-	112.91	104.11	89.67	80.84
Shareholders' Equity	30,273	28,727	26,155	23,175	18,786
Total Liabilities & Equity	-	52,626	50,551	48,022	42,706
Total Debt	20,024	16,560	17,397	17,534	16,668
Net Cash (Debt)	-17,916	-13,316	-14,894	-15,143	-13,201
Net Cash Per Share	-6.41	-4.77	-5.31	-5.61	-4.96
Filing Date Shares Outstanding	2,795	2,795	2,795	2,795	2,687
Total Common Shares Outstanding	2,795	2,795	2,795	2,795	2,687
Working Capital	-	-4,224	-4,011	-4,860	-6,621
Book Value Per Share	10.79	10.24	9.32	8.26	6.96
Tangible Book Value	27,960	26,527	24,149	21,279	17,392
Tangible Book Value Per Share	10.01	9.49	8.64	7.61	6.47
Buildings	-	12,557	11,949	10,069	9,030
Machinery	-	37,391	36,493	31,024	29,776
Construction In Progress	-	3,466	572.77	3,273	294.19

Source: S&P Global Market Intelligence. Standard template. Financial Sources.